BiggerPockets

Los Angeles Hard Money Funding- Zero Down

Tuesday, October 19

For those looking for hard money loans on residential investment deals.-

Lately I have been brokering more hard money loans at more aggressive terms than normal. (Notice I said more aggressive, not cheaper)

If you have nothing to put down on a deal, its still possible to get it done. It will not be cheap (expect 8 points to be rolled into the deal), and be prepared to take only a portion of the profits.

Bottomline, if you want to get the deal done, be open to how it is structured and don't expect to make as much on the deal as you would make if you were putting 15% down or more.

Remember, if you aren't the one risking your money, you aren't the one with the most to lose. The person with the most to lose is ultimately the one who decides if its worth taking the risk. If you've put 30 or 40% of the purchase price as a down payment, the loan won't be a problem (or so expensive either, but that's a separate blog).

Enrique

818-915-2543

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